Medium and high-tech manufacturing value added in Bermuda
Bermuda: Medium and high-tech manufacturing value added was 7.7% in 2022. ▼ Falling
Medium and high-tech manufacturing value added in Bermuda, 1990–2022
Source: Competitive Industrial Performance (CIP) database, UN Industrial Development Organization (UNIDO). Measured in % manufacturing value added.
Analysis
The most recent figure for medium and high-tech manufacturing value added in Bermuda is 7.7%, measured in 2022.
Compared with earlier readings it is down 54.8% over ten years.
Over the whole period, medium and high-tech manufacturing value added in Bermuda peaked at 17.1% in 1990 and was at its lowest, 6.0%, in 2015.
That places Bermuda 123rd out of 153 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 33 years of available data.
Medium and high-tech manufacturing value added in Bermuda, year by year
| Year | % manufacturing value added | Change |
|---|---|---|
| 1990 | 17.1% | — |
| 1991 | 17.1% | +0.0% |
| 1992 | 17.1% | +0.0% |
| 1993 | 17.1% | +0.0% |
| 1994 | 17.1% | +0.0% |
| 1995 | 17.1% | +0.0% |
| 1996 | 17.1% | +0.0% |
| 1997 | 17.1% | +0.0% |
| 1998 | 17.1% | +0.0% |
| 1999 | 17.0% | -0.1% |
| 2000 | 17.0% | +0.0% |
| 2001 | 17.0% | +0.0% |
| 2002 | 17.0% | +0.0% |
| 2003 | 17.0% | +0.0% |
| 2004 | 17.0% | +0.0% |
| 2005 | 17.0% | +0.0% |
| 2006 | 15.7% | -7.7% |
| 2007 | 16.9% | +7.5% |
| 2008 | 17.0% | +0.8% |
| 2009 | 17.0% | +0.0% |
| 2010 | 17.0% | +0.0% |
| 2011 | 17.0% | +0.0% |
| 2012 | 17.0% | +0.0% |
| 2013 | 6.0% | -64.6% |
| 2014 | 7.6% | +25.9% |
| 2015 | 6.0% | -20.7% |
| 2016 | 7.3% | +20.5% |
| 2017 | 6.2% | -14.1% |
| 2018 | 8.8% | +41.0% |
| 2019 | 8.8% | +0.3% |
| 2020 | 7.7% | -12.6% |
| 2021 | 7.7% | +0.0% |
| 2022 | 7.7% | +0.0% |
Bermuda compared with similar countries
- Bermuda's 7.7% is below the median for high income countries, which is 38.1%, 20% of the median. (57 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.1% | 17.0% | 17.1% | 10 |
| 2000s | 16.9% | 15.7% | 17.0% | 10 |
| 2010s | 10.2% | 6.0% | 17.0% | 10 |
| 2020s | 7.7% | 7.7% | 7.7% | 3 |
Countries ranked near Bermuda
More economy & growth data for Bermuda
- Foreign direct investment, net outflows (BoP, current US$), gaps 33.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 522.99 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 117.84 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -21.86 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,823 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 15,245 current LCU per person (2024)
- General government final consumption expenditure (current LCU), per 0.1072 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is medium and high-tech manufacturing value added in Bermuda?
- Medium and high-tech manufacturing value added in Bermuda was 7.7% in 2022, according to Competitive Industrial Performance (CIP) database, UN Industrial Development Organization (UNIDO).
- What is the highest medium and high-tech manufacturing value added recorded in Bermuda?
- The highest recorded value was 17.1% in 1990.
- What is the lowest medium and high-tech manufacturing value added recorded in Bermuda?
- The lowest recorded value was 6.0% in 2015.
- How does Bermuda rank for medium and high-tech manufacturing value added?
- Bermuda ranks 123rd out of 153 countries with data for 2022.
- Is medium and high-tech manufacturing value added rising or falling in Bermuda?
- Over the last ten years it is down 54.8%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Competitive Industrial Performance (CIP) database, UN Industrial Development Organization (UNIDO), published as part of Medium and high-tech manufacturing value added (% manufacturing value added). Statizoid updates them automatically from the source API.
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About this data
The proportion of medium and high-tech industry value added in total value added of manufacturing